$3,095,000
INVESTOR ALERT! Rental Property: Two properties have been amalgamated into one title. Includes detached house on Christleton with two rentable units (main and basement) with passive rental income of $4,000/mo. plus another $6,000/mo. from the Kelowna International Hostel on Pandosy. An owner-operator can capitalize on summer income for the hostel ranging from $25 to $35 K. Superb location just 1 block to the Kelowna Hospital, 2 blocks to lake with shops and restaurants nearby. Development Opportunity: Current owner is well into a Development Permit process for a 6-storey building (commercial ground floor and 5 storeys of residential). Permitted density will be 2.5 FAR. The holding period can be profitable, based on the rental incomes mentioned above. (id:50889)
Property Details
MLS® Number
10308735
Neigbourhood
Kelowna South
ParkingSpaceTotal
7
Building
BathroomTotal
2
BedroomsTotal
5
ConstructedDate
1950
ConstructionStyleAttachment
Detached
CoolingType
Central Air Conditioning
ExteriorFinish
Brick, Stucco
HeatingType
Forced Air, See Remarks
RoofMaterial
Asphalt Shingle
RoofStyle
Unknown
StoriesTotal
2
SizeInterior
2000 Sqft
Type
House
UtilityWater
Municipal Water
Land
Acreage
No
Sewer
Municipal Sewage System
SizeIrregular
0.27
SizeTotal
0.27 Ac|under 1 Acre
SizeTotalText
0.27 Ac|under 1 Acre
ZoningType
Unknown
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April 05 2024 06:04:06
Okanagan-Mainline Real Estate Board
Royal LePage Kelowna
